Ford Motor (NYSE:F) Price Target Cut to $10.00 by Analysts at Evercore ISI

Ford Motor (NYSE:F) had its target price cut by Evercore ISI from $11.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an in-line rating on the auto manufacturer’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday. Bank of America lowered their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.89.

Ford Motor Stock Up 0.2 %

Shares of NYSE F opened at $9.26 on Monday. The firm has a market cap of $36.78 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.98 and a current ratio of 1.16. Ford Motor has a 1 year low of $9.12 and a 1 year high of $14.85. The firm’s 50 day moving average price is $10.06 and its 200 day moving average price is $10.52.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts anticipate that Ford Motor will post 1.7 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.48%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Ford Motor by 270.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,169 shares of the auto manufacturer’s stock worth $266,000 after acquiring an additional 18,380 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Ford Motor by 250.5% in the third quarter. Exchange Traded Concepts LLC now owns 31,208 shares of the auto manufacturer’s stock worth $330,000 after purchasing an additional 22,305 shares in the last quarter. Disciplined Equity Management Inc. grew its position in Ford Motor by 4.6% during the third quarter. Disciplined Equity Management Inc. now owns 86,440 shares of the auto manufacturer’s stock valued at $913,000 after purchasing an additional 3,810 shares in the last quarter. Polianta Ltd grew its position in Ford Motor by 13.6% during the third quarter. Polianta Ltd now owns 104,500 shares of the auto manufacturer’s stock valued at $1,103,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Ford Motor by 315.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,540 shares of the auto manufacturer’s stock valued at $122,000 after buying an additional 8,760 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.